Colo. Rev. Stat. » Title 15
Colorado Revised Statutes

Colo. Rev. Stat. § 15-1-501 (2024)

Fiduciary property kept separate

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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Every fiduciary shall keep fiduciary property separate and distinct from such fiduciary's own property and shall not invest or deposit the same with any person, association, or corporation in such fiduciary's own name. Except as provided in this part 5, every fiduciary shall keep the property of each fiduciary account separate and distinct from the property of every other fiduciary account, and all transactions shall be conducted in such fiduciary's name as fiduciary.

Source: L. 77: Entire part R&RE, p. 826, § 1, effective July 1.

Editor's note: This section is similar to former § 15-1-501 as it existed prior to 1977.

Notes of Decisions
Cited in 4 cases, 1989–2016 · leading case: Sidman v. Sidman, 2016 COA 44.
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Sidman v. Sidman, 2016 COA 44. · cites it 2× “2015, and that fiduciaries are required to keep fiduciary property separate from the fiduciaries’ personal property, § 15-1-501, C.R.S. 2015. But Colorado’s fiduciary law does not require that guardians provide an accounting.”
Kartchner v. Kudla (In re Kudla), 105 B.R. 985 (Bankr. D. Colo. 1989). · cites it 2× “C.R.S. § 15-1-501 (1987) provides: Fiduciary property kept separate.”
Sidman v. Sidman, 411 P.3d 167 (Colo. Ct. App. 2016). · cites it 2× “2015, and that fiduciaries are required to keep fiduciary property separate from the fiduciaries' personal property, § 15-1-501, C.R.S.2015. But Colorado's fiduciary law does not require that guardians provide an accounting.”
Sidman v. Sidman, 2016 COA 44. · cites it 2× “2015, and that fiduciaries are required to keep fiduciary property separate from the fiduciaries’ personal property, § 15-1-501, C.R.S. 2015. But Colorado’s fiduciary law does not require that guardians provide an accounting.”
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